Question
A company's inventory records indicate the following data for the month of January: Jan. 1 Beginning 180 units at $9 each Jan. 5 Purchase 170
A company's inventory records indicate the following data for the month of January:
Jan. 1 Beginning 180 units at $9 each
Jan. 5 Purchase 170 units at $10 each
Jan. 9 Sale 300 units at $35 each
Jan. 14 Purchase 200 units at $11 each
Jan. 20 Sale 150 units at $35 each
Jan. 30 Purchase 230 units at $12 each
If the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory?
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Essentials of Business Law
Authors: Anthony Liuzzo
9th edition
007802319X, 978-0078023194
